Principal Analyst, Datamonitor Healthcare
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Latest From Amanda Micklus
Device fundraising during the fourth quarter totaled $2.6 billion, making it the strongest quarter of the year. Q4 M&A activity reached $3.9 billion, higher than Q3's $3.4 billion, but still one of the lowest quarters of the year. Both fourth quarter diagnostics financings and M&As hit an all-year low of $622 million, and $2.8 million, respectively.
Biopharma financing finished off 2017 strong with a total value of $14.5 billion in Q4, led again by FOPOs. CVS' massive $77 billion acquisition of Aetna resulted in an all-time quarterly high in the M&A category, and the largest alliances were dominated by the development of vaccines and antibodies.
In a billion-dollar alliance, Roivant Sciences got exclusive rights to HanAll's neonatal Fc receptor-targeting antibody for autoimmune diseases. CVS is hoping to improve health care delivery and costs with the $77 billion acquisition of insurer Aetna. Financing in both the biopharma and devices industries was down from last month.
Advances in gene therapy have created a dynamic pipeline. A recent Datamonitor Healthcare report examines various trends in that pipeline, including vector types used, in vivo versus ex vivo approaches, and therapy areas being targeted.